By Steve Peterson
What Does 2022 Hold for Commercial Markets
up, making housing more expensive. According to Fannie Mae, house prices may not cool off much. It expects median prices to rise 7.9%, which is considered as a slow growth compared to the prices seen this year. In essence, the housing market might return to normal in 2022. In this post, we will share some insights on the future of the commercial market and why you need to be at high alert.
s we wind down 2021, everyone is looking up to what 2022 will hold for the real estate market. While the real estate market is profitable and seen as one of the most stable markets in the United States, 2021 proved that it’s not so immune after all. The pandemic dramatically affected property prices across the market and even mortgage rates. Inventory was also affected, which led to homebuyers engaging each other in bidding wars.
THINGS THAT WILL IMPACT THE COMMERCIAL MARKET
BUT, WILL 2022 LIKELY CONTINUE IN THIS MANNER? Steve Peterson opines that the commercial market will witness some changes and adopt new trends in 2022, adding to the fact that the housing market may cool off over the next three years. The Fed will look to raise rates if inflation goes WWW.THEPOWERISNOW.COM
1. ETRADING SHARES
Trading shares of real estate assets will go electronically in 2022. Currently, the world is in the phase of eInvesting in commercial real estate, and will go mainstream in the coming year. With apps like Robinhood and FinTech solutions emerging, the barrier to entry will be lowered for people who want to invest, making real estate investing more accessible.
2. NATURAL DISASTERS
Natural disasters, such as wildfires will increase the rates of home fire insurance. As usual, hurricanes and storms in Florida are expected to continue to take a toll on real estate pricing and l
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